Stimulate economy through deregulation
Competitive Enterprise Institute
by Clyde Wayne Crews and Ryan Young
06/04/09
The economy is contracting at a rate of more than 6 percent this year to date. This is hurting the country and especially Michigan, whose 12.9 percent unemployment rate is the nation’s highest. America’s troubled economy needs a boost, but politicians are taking the wrong approach. The American Recovery and Reinvestment Act works — or rather, doesn’t work — by taking money out of the economy, wasting some of it on bureaucracy and then putting it back in. The $787 billion in new debt it is creating will have to be paid back with higher future taxes, which will hurt growth down the road...
http://tinyurl.com/pn99mk
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=stimulus
http://freepage.twoday.net/search?q=$787
http://freepage.twoday.net/search?q=deregulation
http://freepage.twoday.net/search?q=unemployment
http://freepage.twoday.net/search?q=taxpayer
http://freepage.twoday.net/search?q=TARP
http://freepage.twoday.net/search?q=Clyde+Wayne+Crews
by Clyde Wayne Crews and Ryan Young
06/04/09
The economy is contracting at a rate of more than 6 percent this year to date. This is hurting the country and especially Michigan, whose 12.9 percent unemployment rate is the nation’s highest. America’s troubled economy needs a boost, but politicians are taking the wrong approach. The American Recovery and Reinvestment Act works — or rather, doesn’t work — by taking money out of the economy, wasting some of it on bureaucracy and then putting it back in. The $787 billion in new debt it is creating will have to be paid back with higher future taxes, which will hurt growth down the road...
http://tinyurl.com/pn99mk
Informant: Thomas L. Knapp
http://freepage.twoday.net/search?q=stimulus
http://freepage.twoday.net/search?q=$787
http://freepage.twoday.net/search?q=deregulation
http://freepage.twoday.net/search?q=unemployment
http://freepage.twoday.net/search?q=taxpayer
http://freepage.twoday.net/search?q=TARP
http://freepage.twoday.net/search?q=Clyde+Wayne+Crews
rudkla - 5. Jun, 09:48
